https://bitterrootresources.com/

1. Voyageur Lands
Nickel-Copper-PGM Project,
Michigan, USA
February 4, 2022
Mr. Glenn Scott, P.Geo, is the Qualified Person
responsible for the technical content of this disclosure
49.9% Bitterroot Resources Ltd.
Symbol BTT on TSX-V
50.1% Altius Minerals Corporation

2. Forward Looking Statements
Certain statements contained in this slide presentation may constitute forward-looking
statements under securities legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as “expects” or “it is expected”,
or variations of such words and phrases or statements that certain actions, events or results
“will” occur. This document contains statements about expected or anticipated future events
and/or financial or exploration results that are forward-looking in nature and as a result, are
subject to certain risks and uncertainties, such as general economic, market and business
conditions, regulatory processes and actions, technical issues, new legislation, competitive
conditions, the uncertainties resulting from potential delays or changes in plans, the
occurrence of unexpected events and the company’s ability to execute and implement its
future plans. Actual events may differ materially from those projected in the forward-
looking statements. When relying on forward-looking statements to make decisions,
investors and others should carefully consider the foregoing factors and other uncertainties
and should not place undue reliance on such forward-looking statements. The Company does
not undertake to update any forward-looking statements, except as may be required by
applicable securities laws. For such forward-looking statements, we claim the safe harbour
for forward-looking statements within the meaning of the Private Securities Legislation
Reform Act of 1995.

3. Voyageur Lands – Location
Voyageur Lands footprint
50.1% Altius Minerals
49.9% Bitterroot Resources
Eagle
Mine
Sudbury
LM Property
51% Bitterroot Resources
49% Below Exploration

4. Conduit-Hosted Ni-Cu-PGM Deposits (1)
“The conduit-type deposits represent a style of mineralization that may
generate very large deposits, such as those at Noril’sk, or small, high-
grade occurrences, such as those at Eagle.”
“The flood basalt province of the Midcontinent Rift system is an
environment where conduit-style deposits of the Noril’sk-type should be
explored…”
“….the success at Eagle Mine demonstrates that small intrusions or
dikes may be excellent targets and should not be overlooked.”
Dr. E.M. Ripley
Society of Economic Geologists Special Publication 15,
2010

5. Conduit-Hosted Ni-Cu-PGM Deposits
Exploration Criteria
Criteria Bitterroot/Altius Michigan JV
Large Igneous Province Mid-Continent Rift
Archean Craton Margin South Edge of Superior Province
Trans-Crustal Structures Great Lakes Tectonic Zone (E-W),
Trans Superior Tectonic Zone (NNE),
Unnamed NW-Trending Faults
Early Picritic Magmatism Bluff Mafic/Ultramafic Intrusion(s)
and comagmatic Siemens Creek
Basalt
Geophysical Responses Nine (9) high-priority magnetic +
VTEM targets within Voyageur Lands

6. Regional Geology
Voyageur Lands and the Great Lakes Tectonic Zone

7. Reactivated Archean Structures
LM Property
Voyageur Lands

8. Conduit-Hosted Ni-Cu-PGM Deposits (2)
“…. small intrusions tend to be spatially associated with
regional structures that create space, and are localized
by dilations and traps created by cross-linking
structures in strike-slip fault zones.”
Dr. P.C. Lightfoot and D. Evans-Lamswood
Ore Geology Reviews 64,
2014

9. Regional Structural Framework
Magnetic High = buried
magma chamber ?

10. Regional Structures and Ni/Cu Targets
Bluff Ultramafic Outcrop
Erosional Remnant of
Picritic Basalt Cuesta
VTEM - Magmatic Ni/Cu Targets
2 km
Colours = Total magnetic Intensity

11. VTEM - Magmatic Ni/Cu Targets
10 km
VTEM Conductive Zones on Total Magnetic Intensity
Magma Chambers ?
Bluff U/M
Haystack North
Haystack South

12. The Bluff Area – Looking West
Siemens Creek Picritic Basalt
Recessive-weathering
Olivine Pyroxenite sill
(thickness unknown)
125 metres
relief
Magnetic High

13. The Bluff Outcrop
Siemens Creek Basalt
(10.2% MgO)
Coarse-grained
Olivine Pyroxenite Sill
(17.1% MgO) Talus slope hides
lower contact
~1.5
metres

14. Voyageur Lands – Land Tenure
• Voyageur Lands’ “Outstanding Mineral Rights” are
the “Dominant Estate” under Federal law
• Surface Owner (USDA Forest Service) has 60 days
after receipt of Explorco’s Operating Plan to negotiate
the terms of surface/road use permits
• see USDA Forest Service Manual, Chapter 2830 –
Mineral Reservations and Outstanding Mineral Rights

15. Voyageur Lands
Joint Venture Opportunity
• 9 high-priority mag/VTEM drill targets identified
• Simple permitting process takes 60 days
• Excellent road access and infrastructure
• An emerging magmatic Ni/Cu district
• Targets range in size from Eagle to Noril’sk

16. Bitterroot Resources Ltd.
Suite 206-B
1571 Bellevue Avenue
West Vancouver, British Columbia
Canada, V7V 1A6
Tel: 604 922 1351
Contact – Michael Carr, CEO
Email: infoman@bitterrootresources.com
Website: www.bitterrootresources.com
TSX-V symbol – BTT
Common Shares Outstanding: 80,350,000
Fully diluted: 100,900,000

17. Appendix
Recent Nickel Market Fundamentals
and
Capital Markets Valuations

18. Nickel Inventories in Decline
Down ~75% in
4 years
Down ~60% in
9 months

19. Nickel Price - Strong Uptrend
“A rampaging bull”
Gary Tanashian, Editor,
Notes From The Rabbit Hole
www.nftrh.com
US$/tonne
X 1,000

20. Company Project Status Est.
Resource
(Tonnes)
Nickel
%
Copper
%
Other Value
(January 11, 2022)
Sirius
Resources
Nova-
Bollinger
In Production
2021 costs=
A$1.80-2.10/Lb
Ni
13,000,000
(pre-mining)
2.0 0.8 0.07% Co A$1.8 Billion
2015 takeover by IGO
Ltd.
Chalice
Mining
Julimar Advanced
Exploration
N/A 0.1 - 3.0 0.1 - 4.0 1-10 g/T
PGM+Au
A$3 Billion
Market Cap
Eagle Mine Eagle and
Eagle
East
In Production
2021 Costs=
US$(0.25)/lb Ni
6,800,000
(pre-mining)
2.9 - 3.7 2.5 - 3.0 1-3 g/T
PGM+Au
US$725 Million
2013 Purchase Price
plus construction
costs
Talon
Metals
Tamarack Advanced
Exploration
11,000,000
(increasing)
1.1 - 1.9 0.7 - 1.0 0.6-0.9 g/T
PGM+Au
C$490 Million
Market Cap
(60% of project)
Noront
Resources
Eagle’s
Nest
Pre-
Development
20,000,000 1.1 – 1.7 0.9-1.2 4-5 g/T
PGM+Au
C$600 million
2022 takeover by
Wyloo Metals Pty.
Nickel-Copper Deposit Valuations